A2: Trial

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The Freep reports on a trial taking place in federal court in Ann Arbor against former Kmart CEO Charles Conaway. The U.S. Securities & Exchange Commission alleges that Conaway and former CFO John McDonald violated securities regulations by misleading investors. McDonald settled the lawsuit last month. SEC attorney Alan Lieberman told the jury that the case is about ”deception, misrepresentation, half-truths and omissions made to the public.” [Source]